buying off the plan

March 13, 2018

Over the 40 years I have been investing in real estate I have seen many investment fads and fashions come and go. While diligent investors adhered to tried and true fundamentals, I have seen many others diverted from their investment plans by chasing “fads”. At our current more mature stage of the property cycle, as…

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June 2, 2016

In a quite alarming story, thousands of investors face financial ruin because they won’t be able to settle the off-the-plan apartments they signed up to buy. In a recent Real Estate Talk show Michael Yardney, from Metropole Property Strategists, tells us about the ticking time bomb for “Off The Plan” Property Investors that could see thousands of…

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April 5, 2016

14% of inner Melbourne apartments are sitting vacant and unoccupied, while the supply pipeline is at record level according to BIS Shrapnel’s latest Inner Melbourne Apartments Market Brief Now that’s a recipe for disaster in the new and off the plan Melbourne apartment market if I’ve ever seen one. According to the report new apartment…

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April 3, 2016

I recently wrote that the ANZ Bank has a list of more than 50 “no-go investor postcodes” it was concerned about. Now the Australian Financial Review report that AMP Bank also have a confidential black list of more than 140 suburbs where they are wary of lending for apartments based on growing concerns about oversupply of off-the-plan apartments and, in some areas, falling…

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January 1, 2016

Recently released figures show how most investors who bought off the plan in Melbourne, the second strongest property market in Australia over the last few years, have lost out. According to the Australian Financial Review, a study of nearly 2000 off-the-plan properties in Melbourne valued by WBP Property Group between 2014 and 2015 found that half…

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October 7, 2015

Do you understand the hidden trap of a Sunset Clause in your Contract of Sale? Most off the plan property purchasers don’t understand this risk. I read a blog on Domain with interest where a purchaser was horrified to find that she had purchased a property off the plan and even though it had increased in value considerably,…

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